|By Business Wire||
|February 5, 2013 10:00 AM EST||
Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2013. Kronos revenue for the quarter increased 13 percent to $224.2 million. Earnings before interest, tax, depreciation and amortization (EBITDA) increased 18 percent to $66.7 million.1
“We delivered outstanding growth in our first quarter – including a 106-percent increase in workforce management cloud revenue,” said Aron Ain, Kronos chief executive officer. “Our award-winning products are ushering in a new era of innovation whereby organizations are empowered to manage in the moment. With our innovative product portfolio, fast-growing cloud business, deep vertical expertise, and unmatched global capabilities, Kronos is perfectly poised to continue to gain market share in 2013 and beyond.”
First-Quarter News Facts
- Tremendous Kronos Cloud growth – Kronos Cloud deployments represent the fastest-growing aspect of the company’s business. Kronos continues to experience a tremendous customer response to its new Workforce Ready™ suite in the Kronos Cloud for small and midsize businesses (SMBs), as well as its Workforce Central® suite in the Kronos Cloud for medium and large enterprise organizations. Deploying in the Kronos Cloud generates a fast return on investment and eliminates the need to invest in and manage IT infrastructure and staff. Today more than 7,000 organizations are running in the Kronos Cloud.
- Strong contribution from international regions – International product bookings increased 53 percent year on year. The Asia-Pacific region delivered exceptional results, as continued investments in Australia, China, and India resulted in new local and multinational customer wins. Kronos further extended its reach into the Chinese market by forming a reseller agreement with Capgemini. The Latin America region, led by the Kronos operation in Mexico, continued its growth and expansion. Significant progress continued in South Africa where Kronos experienced significant new customer acquisition. Kronos solutions are used in more than 100 countries around the world.
- Exceptional momentum in SMB sector – Small and midsize businesses are enthusiastically embracing the ease of use, affordability, and cloud capabilities of Kronos workforce management solutions as a way to stay competitive and do more with less. Kronos experienced an exceptional quarter in the SMB sector, driven in large part by an accelerated pace of adoption for its new Workforce Ready suite. Kronos is rapidly revolutionizing how SMBs manage their businesses and gain an even greater competitive advantage.
Delivery of innovative, next-generation products – During the
quarter, Kronos delivered a series of innovative new products and
enhancements which are transforming the way organizations manage their
- Workforce Tablet™ – A sleek, easy-to-use tablet application that delivers real-time, location-specific workforce information to frontline managers so they can more effectively manage in the moment, Workforce Tablet is a native-built tablet solution developed specifically for the Apple iPad, providing an anytime, anyplace, instant connection to the Kronos Workforce Central suite.
- Workforce Task Management™ – Workforce Task Management simplifies store execution by providing end-users with a streamlined approach to create, approve, execute, and verify tasks. This drives productivity by streamlining communication between corporate and stores as well as increases sales and customer satisfaction by ensuring tasks are completed on time and consistently across locations.
- Workforce Analytics™ – The latest version of Kronos’ Workforce Analytics solution enables organizations to easily access and leverage their workforce data to identify, predict, and manage opportunities for cost savings and productivity gains.
- Workforce Ready – Kronos delivered significant enhancements to its SMB cloud suite, Workforce Ready. Enhancements include compatibility with the Kronos InTouch™ time clock; introduction of a workforce-centric application marketplace; and additional language support.
- TeleStaff™ – The latest version of the Kronos TeleStaff public safety scheduling and notification solution includes enhancements that allow deployment and support of additional technology platforms; enhanced shift-bidding statuses enabling employees to view and monitor the status of their bids for shifts; and advanced reporting features.
- Kronos InTouch™ applications – Kronos partners, customers, and third-party developers can easily create and share workforce applications for the award-winning Kronos InTouch time clock. The latest applications include: developed by Axsium Group, Wayfinder helps employees easily find their way to their work location using floor plan maps; developed by The WFC Group, EnrollMe gives employees the ability to join their employer’s healthcare plan during open enrollment; and developed by Kronos, Employee Survey allows an employer to host a survey to solicit and capture employee feedback.
- In the first quarter of Fiscal 2013, Kronos signed agreements with organizations around the world such as: Aaron’s, Inc., a national leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances, and accessories; ALDI Stores, A Limited Partnership, with more than 200 stores operating across New South Wales, ACT, Queensland, and Victoria, Australia; Carpenter Technology, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products; Hitachi Construction Machinery (Australia) Pty Ltd, a subsidiary of Hitachi Construction Machinery Co., Ltd (Japan), Australia’s home for sales and support of Hitachi, John Deere, and Bell construction, forestry, mining, quarry, and recycling machinery; Lafayette General Medical Center, a regional, non-profit, community-owned and -managed hospital located in Lafayette, Louisiana; North Shore-Long Island Jewish Health System, the nation’s third-largest, non-profit, secular healthcare system; Rockford Health System, includes Rockford Memorial Hospital, Rockford Health Physicians, Van Matre HealthSouth Rehabilitation Hospital, Visiting Nurses Association and the Rockford Memorial Development Foundation; Santa Clara County, a county located at the southern end of the San Francisco Bay Area in California; Sports Direct, the UK’s leading sports retailer by revenue and operating profit, and the owner of a significant number of world-famous sport, fashion, and lifestyle brands; Truman Medical Centers, a two-hospital, not-for-profit health system located in Kansas City, Mo.; Wakefern Food Corporation, the largest retailer-owned cooperative in the U.S.; and Weir SPM, a market leader in well service pumps and high pressure flow control equipment.
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organizations in more than 100 countries — including more than half of the Fortune 1000® — use Kronos to control labor costs, minimize compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications at www.kronos.com. Kronos: Workforce Innovation That Works™.
© 2013 Kronos Incorporated. All rights reserved. Kronos and Workforce Central are registered trademarks and Workforce Ready, Workforce Tablet, Workforce Task Management, Workforce Analytics, TeleStaff, and InTouch are trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.
Footnote 1: Revenue excludes purchase accounting adjustments related to the company going private in June 2007 and its acquisitions since June 2007 and includes timing adjustments related to international product deliveries which management includes when evaluating operating results. EBITDA excludes purchase accounting adjustments, FAS 123R charges, and non-recurring, unusual charges.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
Mar. 4, 2015 01:00 PM EST Reads: 951
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Mar. 4, 2015 01:00 PM EST Reads: 1,031
CommVault has announced that top industry technology visionaries have joined its leadership team. The addition of leaders from companies such as Oracle, SAP, Microsoft, Cisco, PwC and EMC signals the continuation of CommVault Next, the company's business transformation for sales, go-to-market strategies, pricing and packaging and technology innovation. The company also announced that it had realigned its structure to create business units to more directly match how customers evaluate, deploy, operate, and purchase technology.
Mar. 4, 2015 12:45 PM EST Reads: 433
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Mar. 4, 2015 12:30 PM EST Reads: 3,280
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Mar. 4, 2015 12:00 PM EST Reads: 3,556
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Mar. 4, 2015 12:00 PM EST Reads: 1,467
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Mar. 4, 2015 11:45 AM EST Reads: 4,506
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Mar. 4, 2015 11:30 AM EST Reads: 4,452
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along with a steady stream of well-publicized data breaches, only add to the uncertainty
Mar. 4, 2015 11:15 AM EST Reads: 819
Mar. 4, 2015 10:30 AM EST Reads: 2,772
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
Mar. 4, 2015 10:00 AM EST Reads: 4,944
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
Mar. 4, 2015 09:45 AM EST Reads: 1,131
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Mar. 4, 2015 09:45 AM EST Reads: 3,422
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
Mar. 4, 2015 09:00 AM EST Reads: 2,391
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
Mar. 4, 2015 09:00 AM EST Reads: 1,512
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to make sense of it all.
Mar. 4, 2015 09:00 AM EST Reads: 1,279
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics archive, in his session at @ThingsExpo, Jim Kaskade, Vice President and General Manager, Big Data & Ana...
Mar. 4, 2015 09:00 AM EST Reads: 1,433
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Mar. 4, 2015 05:00 AM EST Reads: 2,676
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing demand and the rapidly changing workspace model.
Mar. 4, 2015 04:00 AM EST Reads: 1,128
Mar. 4, 2015 03:30 AM EST Reads: 2,748